Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) Shares Shorted: Short Interest Up 85.7% in September

Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 39,861 shares, an increase of 85.7% from the September 15th total of 21,466 shares. Based on an average daily trading volume, of 20,659 shares, the short-interest ratio is currently 1.9 days. Currently, 4.2% of the company’s shares are short sold.

Direxion Daily FTSE Europe Bull 3X ETF Trading Down 0.8%

Shares of NYSEARCA EURL opened at $40.75 on Thursday. Direxion Daily FTSE Europe Bull 3X ETF has a twelve month low of $32.90 and a twelve month high of $52.77. The stock has a fifty day simple moving average of $47.04 and a 200-day simple moving average of $45.63. The stock has a market capitalization of $38.71 million, a PE ratio of 18.49 and a beta of 2.49.

Hedge Funds Weigh In On Direxion Daily FTSE Europe Bull 3X ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. PMV Capital Advisers LLC increased its stake in Direxion Daily FTSE Europe Bull 3X ETF by 173.1% during the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock worth $583,000 after purchasing an additional 9,775 shares during the period. Innova Wealth Partners acquired a new stake in shares of Direxion Daily FTSE Europe Bull 3X ETF during the first quarter worth about $292,000. Finally, Summit Financial Strategies Inc. purchased a new position in shares of Direxion Daily FTSE Europe Bull 3X ETF in the second quarter valued at approximately $231,000.

About Direxion Daily FTSE Europe Bull 3X ETF

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.